Covenant · Elysium testnet

Launch a coin on Covenant

Your coin launches on Ascend like any other. Its creator fees go to a contract that follows the rules you pick here, and nobody can change them later, including you.

Your coin

NameSymbol

When people sell, the fee is paid in your coin. Covenant will:

Burn all of itYour coin’s supply only goes down.Burn half, pay half to a walletSome supply burned, some income for you.Pay all of it to a walletYou get the fee, in your coin.

When people buy, the fee is paid in USDC. Covenant will:

Pay it to a walletYou get the fee, in USDC. The rule just can’t change later.Half to a wallet, half to the PANTHEON basketHalf for you, half buys Ascend’s best coins for PNTH stakers.All to the PANTHEON basketEvery buy fee goes to Ascend’s index.

Wallet that gets paid

Your connected wallet, unless you enter another. It’s locked in at launch too.

Locked in at launch

On sellsBurn all of it
On buysHalf to a wallet, half to the PANTHEON basket
Owner, admin key, upgradesnone

One transaction. A Covenant launch can’t include a creator buy, but you can buy your coin right after, like anyone else.

Testnet only for now: coins launched here trade against Ascend’s test USDC. How Covenant works